Notable Mover: What Next for MainSource Financial Group Inc. Stock After Making All-Time High?

Notable Mover: What Next for MainSource Financial Group Inc. Stock After Making All Time High?

The stock of MainSource Financial Group Inc. (NASDAQ:MSFG) reached all time high today, Nov, 29 and still has $33.05 target or 7.00% above today’s $30.89 share price. This indicates more upside for the $735.95M company. This technical setup was reported by Barchart.com. If the $33.05 PT is reached, the company will be worth $51.52 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 88,180 shares traded hands or 54.97% up from the average. MainSource Financial Group Inc. (NASDAQ:MSFG) has risen 37.22% since April 26, 2016 and is uptrending. It has outperformed by 31.96% the S&P500.

Analysts await MainSource Financial Group Inc. (NASDAQ:MSFG) to report earnings on January, 24. They expect $0.49 EPS, up 16.67% or $0.07 from last year’s $0.42 per share. MSFG’s profit will be $11.67M for 15.76 P/E if the $0.49 EPS becomes a reality. After $0.50 actual EPS reported by MainSource Financial Group Inc. for the previous quarter, Wall Street now forecasts -2.00% negative EPS growth.

MainSource Financial Group Inc. (NASDAQ:MSFG) Ratings Coverage

Out of 2 analysts covering Mainsource Financial Groups (NASDAQ:MSFG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mainsource Financial Groups has been the topic of 2 analyst reports since October 2, 2015 according to StockzIntelligence Inc. The rating was initiated by Stephens on Friday, October 2 with “Overweight”. Wood maintained the stock with “Outperform” rating in Friday, August 26 report.

According to Zacks Investment Research, “MainSource Financial Group, Inc. is a community-focused, multi-bank, financial services oriented holding company.”

Insitutional Activity: The institutional sentiment increased to 1.59 in Q2 2016. Its up 0.26, from 1.33 in 2016Q1. The ratio improved, as 6 funds sold all MainSource Financial Group Inc. shares owned while 33 reduced positions. 13 funds bought stakes while 39 increased positions. They now own 12.90 million shares or 5.72% more from 12.20 million shares in 2016Q1.
Goldman Sachs Group last reported 0% of its portfolio in the stock. Tiaa Cref Investment Limited Company has invested 0% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG). Highbridge Ltd accumulated 10,837 shares or 0% of the stock. Fifth Third Bancorporation last reported 0% of its portfolio in the stock. Commercial Bank Of New York Mellon, a New York-based fund reported 133,535 shares. Pinnacle Lc holds 0% of its portfolio in MainSource Financial Group Inc. (NASDAQ:MSFG) for 21,040 shares. Bahl And Gaynor Inc last reported 42,110 shares in the company. Prudential Incorporated has 0.01% invested in the company for 166,757 shares. Moreover, Smith Asset Grp Inc Lp has 0% invested in MainSource Financial Group Inc. (NASDAQ:MSFG) for 1,186 shares. Hillcrest Asset Mgmt Lc has 1.13% invested in the company for 203,411 shares. Blackrock Institutional Tru Company Na, a California-based fund reported 705,892 shares. Moreover, Hightower Advsrs Lc has 0.05% invested in MainSource Financial Group Inc. (NASDAQ:MSFG) for 179,217 shares. Us Bank De last reported 0.01% of its portfolio in the stock. Virginia Retirement Et Al last reported 10,450 shares in the company. The Indiana-based Kessler Grp Limited Liability Corporation has invested 0.56% in MainSource Financial Group Inc. (NASDAQ:MSFG).

Insider Transactions: Since June 21, 2016, the stock had 1 buy, and 1 insider sale for $23,363 net activity. HARRISON CHRIS M also sold $50,020 worth of MainSource Financial Group Inc. (NASDAQ:MSFG) on Wednesday, November 9. 3,130 MainSource Financial Group Inc. (NASDAQ:MSFG) shares with value of $73,383 were bought by BARRON WILLIAM G.

More recent MainSource Financial Group Inc. (NASDAQ:MSFG) news were published by: Prnewswire.com which released: “MainSource Financial Group Expands Presence in Cincinnati; Completes its …” on May 23, 2016. Also Prnewswire.com published the news titled: “MainSource Financial Group Announces Appointment of Vince Berta to Board of …” on January 28, 2016. Streetinsider.com‘s news article titled: “MainSource Financial Group (MSFG) to Acquire Cheviot Financial Corp (CHEV) for …” with publication date: November 24, 2015 was also an interesting one.

MSFG Company Profile

MainSource Financial Group, Inc., incorporated on March 30, 1983, is a bank holding company. The Firm operates a banking subsidiary: MainSource Bank (the Bank), an Indiana state-chartered bank. Through the Bank, the Company offers a range of financial services, including accepting time and transaction deposits; making consumer, commercial, agribusiness and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, such as letters of credit and repurchase agreements. The Firm operates approximately 80 branch banking offices in Indiana, Illinois, Ohio and Kentucky.

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